RBI To Issue Rs 20 Notes With New Governor Sanjay Malhotras Signature

New Delhi: The Reserve Bank of India (RBI) has introduced that it’s going to quickly factor ₹20 denomination banknotes within the Mahatma Gandhi (New) Series, bearing the signature of the brand new RBI Governor, Sanjay Malhotra, in line with an reputable remark.

The new notes will retain the present design and lines of the present ₹20 notes in flow, excluding for the up to date governor’s signature. The RBI additionally clarified that every one in the past issued ₹20 banknotes will proceed to be prison soft. Sanjay Malhotra was once appointed because the RBI Governor efficient December 11, 2024, for a tenure of 3 years.

Legal soft refers to cash or banknotes which can be legally accredited for the release of money owed or responsibilities. According to the central financial institution, each and every banknote issued via the Reserve Bank of India—except withdrawn from flow—is prison soft throughout India for the volume said on it and is assured via the Central Government, matter to the provisions of sub-section (2) of Section 26 of the RBI Act, 1934. ₹1 notes issued via the Government of India also are thought to be prison soft.

Banknotes are revealed at 4 foreign money presses: two are owned via the Government of India throughout the Security Printing and Minting Corporation of India Ltd. (SPMCIL), and two are owned via the Reserve Bank thru its wholly owned subsidiary, Bharatiya Reserve Bank Note Mudran Private Ltd. (BRBNMPL). The SPMCIL foreign money presses are situated in Nasik (Western India) and Dewas (Central India), whilst the BRBNMPL presses are situated in Mysuru (Southern India) and Salboni (Eastern India).

Coins are minted at 4 mints owned via SPMCIL, situated in Mumbai, Hyderabad, Kolkata, and NOIDA. Coins are issued for flow best throughout the Reserve Bank, in line with Section 38 of the RBI Act.

To facilitate the distribution of banknotes and cash, the RBI has approved make a selection scheduled banks to ascertain foreign money chests—storehouses the place banknotes and cash are stocked on behalf of the Reserve Bank for distribution to financial institution branches of their space of operation. As of February 28, 2025, there have been 2,691 foreign money chests within the nation.